KeyBanc Downgrades Watsco (WSO) to Hold; Valuation Call
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Price: $362.00 -2.94%
Rating Summary:
6 Buy, 18 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 14 | New: 29
Rating Summary:
6 Buy, 18 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 9 | Down: 14 | New: 29
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KeyBanc downgraded Watsco (NYSE: WSO) from Buy to Hold.
KeyBanc analyst says, "Given share outperformance (+18% since our upgrade; total return of 20% with dividends vs. S&P 500 of 10.5%, S&P 500 Industrials of 15.4%), now trading near our price target, coupled with little evidence of improvements taking place in the domestic HVAC market, we are downgrading shares."
For an analyst ratings summary and ratings history on Watsco click here. For more ratings news on Watsco click here.
Shares of Watsco closed at $68.02 yesterday.
KeyBanc analyst says, "Given share outperformance (+18% since our upgrade; total return of 20% with dividends vs. S&P 500 of 10.5%, S&P 500 Industrials of 15.4%), now trading near our price target, coupled with little evidence of improvements taking place in the domestic HVAC market, we are downgrading shares."
For an analyst ratings summary and ratings history on Watsco click here. For more ratings news on Watsco click here.
Shares of Watsco closed at $68.02 yesterday.
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